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The North West Company Inc. Announces the Closing of the Acquisition of North Star Air and Reports on Voting Results from its 2017 Annual General and Special Meeting of Shareholders

WINNIPEG, MANITOBA--(Marketwired - June 15, 2017) - The North West Company Inc. ("North West") (TSX:NWC) has closed its previously announced acquisition of North Star Air Ltd.

North West also confirms the voting results from its Annual General and Special Meeting of shareholders held on June 14, 2017 in Winnipeg, Manitoba. The requisite number of shareholders voted in favour of all items of business.

In order to address the Canadian ownership limits of the Canada Transportation Act, the shareholders approved the conversion of North West common shares to Variable Voting Shares, if owned or controlled by non-Canadians, and Common Voting Shares, if owned and controlled by Canadians. North West has filed articles of amendment pursuant to which two new classes of shares were created on June 15, 2017. The new classes of shares are expected to be substituted for trading on the Toronto Stock Exchange at the opening of trading on June 20, 2017 under the single ticker designated "NWC".

The voting results for the election of directors is as follows:

Nominee

Votes

% For

Votes

% Withheld

Outcome

For

Withheld

of Vote

H. Sanford Riley

25,500,420

96.30%

979,784

3.70%

Carried

Frank J. Coleman

25,652,279

96.87%

827,925

3.13%

Carried

Wendy F. Evans

26,213,638

98.99%

266,566

1.01%

Carried

Stewart Glendinning

26,008,583

98.22%

471,621

1.78%

Carried

Edward S. Kennedy

25,809,935

97.47%

670,269

2.53%

Carried

Robert J. Kennedy

25,400,470

95.92%

1,079,734

4.08%

Carried

Annalisa King

26,411,136

99.74%

69,068

0.26%

Carried

Violet (Vi) A.M. Konkle

26,438,723

99.84%

41,481

0.16%

Carried

Gary Merasty

26,401,444

99.70%

78,760

0.30%

Carried

Eric L. Stefanson

25,922,823

97.90%

557,381

2.10%

Carried

Victor Tootoo

26,419,625

99.77%

60,579

0.23%

Carried

About North West

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 241 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CAD$1.8 billion.

The common shares of North West trade on the Toronto Stock Exchange under the symbol "NWC".